Naples Soap Co (Naples Soap Co) Receivables Turnover : 280.90 (As of Jun. 2023)

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What is Naples Soap Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Naples Soap Co's Revenue for the six months ended in Jun. 2023 was $5.62 Mil. Naples Soap Co's average Accounts Receivable for the six months ended in Jun. 2023 was $0.02 Mil. Hence, Naples Soap Co's Receivables Turnover for the six months ended in Jun. 2023 was 280.90.

Naples Soap Co Receivables Turnover Historical Data

The historical data trend for Naples Soap Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Naples Soap Co Receivables Turnover Chart

Naples Soap Co Annual Data

Trend

Receivables Turnover

Naples Soap Co Semi-Annual Data
	Jun22	Jun23
Receivables Turnover	-	280.90

Competitive Comparison of Naples Soap Co's Receivables Turnover

For the Household & Personal Products subindustry, Naples Soap Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Naples Soap Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Naples Soap Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Naples Soap Co's Receivables Turnover falls into.

Naples Soap Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Naples Soap Co's Receivables Turnover for the fiscal year that ended in . 20 is calculated as

	Receivables Turnover (A: . 20 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: . 20 )	/ (	(Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

Naples Soap Co's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	5.618	/ (	(0	+	0.02)	/	1 )
=	5.618	/	0.02
=	280.90

Naples Soap Co (OTCPK:NASO) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Naples Soap Co Receivables Turnover Related Terms

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Naples Soap Co (Naples Soap Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Naples Soap Co Inc (OTCPK:NASO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

14601 Jetport Loop, Suite 180, Fort Myers, FL, USA, 33913

Website

https://www.naplessoap.com

Naples Soap Co Inc is a health and wellness brand that offers personal care products including soap, hair, face, and skincare products through its own brick and mortar retail stores and website, national and boutique re-sellers, and online marketplaces including Amazon and Faire.

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